The Board of Directors of
The Performance Share Plan consists of annually commencing individual share plans, each of which includes a three-year performance period and a potential share reward to be paid thereafter, taking into account any deferral and/or transfer restriction of rewards due to regulations applicable to
The performance period of the first plan launched under the Performance Share Plan structure covers the financial years 2024-2026. In addition, the Board of Directors of
The target group for the performance period 2024-2025 consists of approximately 25 persons and that of the performance period 2024-2026 approximately 46 persons.
The payment of the reward based on the plans is conditional on the achievement of the performance targets set by the Board of Directors for the respective plan. The performance measures based on which the potential share rewards based on the plans will be paid are the absolute total shareholder return of the company's share ("Absolute TSR"), a profitability related measure (performance of Mandatum's capital light business) and a selected sustainability target.
The rewards potentially earned based on the incentive plans will be paid in
If all performance targets set for the performance period 2024-2025 are achieved in full, the aggregate maximum number of shares to be paid based on this respective plan is 1,363,000
The Board of Directors has, in addition, decided to establish a Restricted Share Plan structure. It is intended to be used as a complementary share-based incentive and commitment program in specific situations, such as in case of new recruitments.
The Restricted Share Plan consists of annually commencing individual restricted share plans. Each plan includes a restriction period, which covers three calendar years in total, during which the company may grant fixed share rewards to individually selected key employees. The commencement of each individual plan within the Restricted Share Plan structure is subject to a separate decision by
The value of the rewards to be paid under the plans described above is limited by a pay cap linked to share price development.
Additional information
Lotta Borgström
VP, Investor Relations
Tel. +358 50 022 1027
lotta.borgstrom[a]mandatum.fi
Mandatum in brief
Mandatum is a major financial services provider that combines expertise in wealth management and life insurance. Mandatum offers clients a wide array of services covering asset and wealth management, savings and investment, compensation and rewards as well as pension plans and personal risk insurance. Mandatum offers services to corporate, retail, institutional and wealth management clients. At the centre of Mandatum's success are highly skilled personnel, a strong brand as well as a proven investment track record. mandatum.fi/en/group
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